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January 29, 2024
Question

Do I need to include stipend for PHD student housing?

  • January 29, 2024
  • 1 reply
  • 0 views
Money as a Research PhD Student, no 1099 received.

1 reply

January 29, 2024

Stipends that pay for room and board and other livings expenses (not tuition and fees) is taxable.

 

To report a Stipend in TurboTax follow these steps:

  1. Open your return.
  2. Select the Wages & Income tab.
  3. Scroll down to Less common income click Start.
  4. On the page Let's Work on Any Miscellaneous Income, click on Other reportable income.
  5. On the page Any Other Taxable Income?  Select Yes.
  6. On the page, Other Taxable Income enter PhD Stipend for the description and the amount.
  7. Select continue and Select Done if you have no other items.

 

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